Property Owners Alert: Cybersecurity Coming to Maryland
Montgomery County property owners can look forward to a potential new arrival. On Monday July 26, 2010, Maryland officials announced plans to move forward with a training and evaluation center for cybersecurity.
Bob Keefe’s article posted on dcTechSource.com, on July 27, 2009, provides a detailed overview of the impact of this announcement.
While the announcement did not say where the center would be built, because of the center’s close connections with NIST (National Institutes of Standards and Technologies), Gaithersburg is a likely location. With this boost to the local economy, the need for housing and infrastructure also increases.
The Silver Line: Less Traffic and Walkable Communities on the Horizon
Does potentially less traffic and potentially more business opportunities sound like a great idea for Tyson’s Corner? Then everyone get ready for the silver line metro to Tyson’s Corner. At a recent a seminar event hosted by Bisnow on July 29, 2010, a panel of nine business and community professionals who have been intimately involved in the long range planning and vision of the two phases. There were several topics discussed at this event, including the expansion of Metro and the related transformation of Tysons Corner and the Dulles Greenway.
Pumping Up Prices for Commercial Real Estate
“Over the next four years, around $1.4 trillion in Commercial Real Estate (CRE) loans will reach maturity. In nearly half of those loans, the buyer owes more than the property is worth.” - Rob Hildt, lending group director at community Banking Ventures in Irvine California as quoted in a recent article in the July edition of Urban Land. What does this mean for an already stagnant market with very few deals going on despite many Funds raising capital to come in and swoop up all of the distressed real estate in the down CRE market? According to Evan Morgan, author of the article, “Supply and Demand” in the July addition of Urban land, there are several things that need to happen for the market to come to equilibrium with current economic conditions.
